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Ah but if we're going down that waterslide of a slippery slope The entire planet hedges its currency against the USD. Obviously every financial system on Earth
by IntelMiner 4y ago
Ah but if we're going down that waterslide of a slippery slope
The entire planet hedges its currency against the USD. Obviously every financial system on Earth needs to be included in that comparison. With their own servers, people, armies etc
And that says nothing of the people using those currencies to execute transactions to buy things such as oil and gas, of course!
Clearly Bitcoin is the solution as the USD is "indirectly" the cause of literally 100% of environmental damage
- rufusroflpunch 4y agoWhat he's comparing to Bitcoin is not EVERY SINGLE USE of the USD, but the actual USD network (the Fed and it's member banks) and it's security component (the US military, which is the ultimate enforcer of dollar hegemony). This is comparable to the Bitcoin nodes and the miners.
- colinmhayes 4y agoExcept bitcoin can't even come close to handling the number of transactions that occur in USD.
- rufusroflpunch 4y agoBitcoin is more comparable to FedWire which has very similar throughput. In a Bitcoin world, it would just be the base layer.
- actionfromafar 4y agoSo it would be much the same as the fiat world for the average person. Just new masters.